Opportunity identification and solution development

2012 ◽  
pp. 311-343
Keyword(s):  
Opportunity Identification

Pengaruh Karakteristik Manajerial Terhadap Kinerja Baitul Maal Wat Tamwil Kota Padang Melalui Orientasi Stratejik

2019 ◽  
Vol 4 (3) ◽  
pp. 587
Author(s):  
Yenni Del Rosa ◽  
Imran Agus ◽  
Mohammad Abdilla
Keyword(s):  
Direct Effect ◽  
Latent Variables ◽  
Sem Analysis ◽  
Strategic Orientation ◽  
Market Opportunity ◽  
Opportunity Identification ◽  
Purposive Sampling ◽  
Maximum Contribution ◽  
Endogenous Variables ◽  
Positive Direct

<p><em>The purpose of this study was to determine the direct and indirect effects of managerial characteristics on BMT performance through a strategic orientation. This research is an explanatory type with a sample of 390 people by purposive sampling. The study was collected using a Likert-style questionnaire and analyzed by SEM method. Exogenous latent variables 7 indicators, endogenous latent variables 6 indicators and endogenous variables 3 indicators. Outer models and inner models meet for SEM analysis. The maximum contribution of each managerial characteristic variable is 93.1% for the indicator of market opportunity identification, the strategic orientation variable is 96.1% for the indicator of making unique products and the BMT performance variable is 97.5% for the sales indicator. Managerial characteristics had a significant positive direct effect on strategic orientation of 22.1%. Managerial characteristics did not have a significant positive direct effect on BMT performance of 7.6%. Strategic orientation has a significant positive direct effect on BMT performance by 32.9%.</em></p><p><em><br /></em></p><p>Tujuan dari penelitian ini adalah untuk menentukan efek langsung dan tidak langsung dari karakteristik manajerial pada kinerja BMT melalui orientasi strategis. Penelitian ini adalah tipe eksplanatori dengan jumlah sampel 390 orang secara purposive sampling. Penelitian ini dikumpulkan menggunakan kuesioner gaya-Likert dan dianalisis dengan metode SEM. Variabel laten eksogen 7 indikator, variabel laten endogen 6 indikator dan variabel endogen 3 indikator. Model luar dan model dalam bertemu untuk analisis SEM. Kontribusi maksimum dari masing-masing variabel karakteristik manajerial adalah 93,1% untuk indikator identifikasi peluang pasar, variabel orientasi strategis 96,1% untuk indikator pembuatan produk unik dan variabel kinerja BMT adalah 97,5% untuk indikator penjualan. Karakteristik manajerial memiliki efek langsung positif yang signifikan terhadap orientasi strategis 22,1%. Karakteristik manajerial tidak memiliki pengaruh langsung positif yang signifikan terhadap kinerja BMT sebesar 7,6%. Orientasi strategis memiliki pengaruh langsung positif yang signifikan terhadap kinerja BMT sebesar 32,9%.</p><p><em><br /></em></p>

scholarly journals Entrepreneurial lean thinking for sustainable business modeling: a workshop design for incumbent firms

2021 ◽  
Author(s):  
E. J. Schwarz ◽  
P. Gregori ◽  
I. Krajger ◽  
M. A. Wdowiak
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Model Innovation ◽  
Opportunity Identification ◽  
Sustainable Business ◽  
Lean Thinking ◽  
Business Modeling ◽  
Innovation Research ◽  
Political Debates ◽  
Negative Environmental Impact

AbstractIn times of increasing concerns and extensive political debates about social and environmental problems, incumbent firms are obliged to reduce their negative environmental impact by implementing sustainable business model innovation. Yet, realizing more sustainable business model variants entails several complexities and associated challenges that need to be overcome. To support this task, this article takes an entrepreneurship perspective on sustainable business model innovation and combines literature of business models and entrepreneurial lean thinking (ELT). In doing so, it derives a workshop design grounded in contemporary theory with state-of-the-art tools and methods. The workshop is framed as a stage-gate process facilitating the notions of ELT with iterative cycles of ‘create, test, and improve’ and spans the phases of opportunity identification, opportunity evaluation, opportunity development through sustainable business model design, and decision of opportunity exploitation. The article shows that ELT is an appropriate yet underutilized approach for sustainable business modeling. Further, it discusses how the workshop supports opportunities and mitigate pitfalls of ELT for sustainable business modeling. As such, the findings have theoretical implications for the intersection of sustainability and lean approaches in innovation research as well as implications for practitioners by providing a comprehensive framework to support sustainable business model innovation.

scholarly journals Ecosystem dynamics: exploring the interplay within fintech entrepreneurial ecosystems

2021 ◽  
Author(s):  
Ahmad Alaassar ◽  
Anne-Laure Mention ◽  
Tor Helge Aas
Keyword(s):  
New Ventures ◽  
Ecosystem Dynamics ◽  
Resource Exploitation ◽  
Cultural Perspective ◽  
Structured Interviews ◽  
Opportunity Identification ◽  
Entrepreneurial Ecosystems ◽  
Regulatory Dynamics ◽  
Financial Technology

AbstractScholars and practitioners continue to recognize the crucial role of entrepreneurial ecosystems (EEs) in creating a conducive environment for productive entrepreneurship. Although EEs are fundamentally interaction systems of hierarchically independent yet mutually dependent actors, few studies have investigated how interactions among ecosystem actors drive the entrepreneurial process. Seeking to address this gap, this paper explores how ecosystem actor interactions influence new ventures in the financial technology (fintech) EE of Singapore. Guided by an EE framework and the use of an exploratory-abductive approach, empirical data from semi-structured interviews is collected and analyzed. The findings reveal four categories representing both the relational perspective, which features interaction and intermediation dynamics, and the cultural perspective, which encompasses ecosystem development and regulatory dynamics. These categories help explain how and why opportunity identification and resource exploitation are accelerated or inhibited for entrepreneurs in fintech EEs. The present study provides valuable contributions to scholars and practitioners interested in EEs and contributes to the academic understanding of the emerging fintech phenomenon.

Countrywide Integrated Capacity Model – Enabling Production Planning and Performance Management Leveraging Big Data and Digitization of Engineering Workflows

2021 ◽  
Author(s):  
Iman Al Selaiti ◽  
Maged Mabrook ◽  
Mohammad Faizul Hoda ◽  
Luigi Saputelli ◽  
Hafez Hafez ◽  
...  
Keyword(s):  
Performance Management ◽  
Production Planning ◽  
Performance Metrics ◽  
Operating Cost ◽  
Opportunity Identification ◽  
Production Forecast ◽  
Capacity Model ◽  
And Performance ◽  
Corporate Level ◽  
Operating Company

Abstract Production planning and performance management imply diverse challenges, mainly when dealing at corporate level in an integrated operating company. Production forecast considers technical capacities, available capacities, and operationally agreed target capacities. Such complex process may hinder taking advantage of market opportunities at the right time. Proactive scenario management and information visibility across the organization are key for success. This paper intends to share the lessons learned while rolling out a countrywide integrated capacity model solution supporting corporate production planning and performance management. The rollout processes aimed at digitizing the monthly and yearly production forecasting. In addition, these processes shall enable formulating proactive scenarios for avoiding shortfalls, maximizing gas throughput, production ramp up, and minimizing operating cost from existing capacity. Abu Dhabi's Integrated Capacity Model is an integrated production planning and optimization system relying on a large-scale subsurface-to-surface integrated asset model system; in this paper, we focus on the incremental progress of the challenges derived from the various rollout efforts. The rollout of such a complex solution relies on basic tenets for managing the change across a large organization. The first tactic is about continuous stakeholder engagement through value demonstration and capabilities building. Engagement is achieved by continuously providing information about proactive shortfall and opportunity identification within the installed asset capacity. Monthly asset reviews provide the basis for user interaction and initiate the basis for establishing ad-hoc production maximization scenarios. Establishing a data governance and performance metrics were also key for embedding the solution in the business processes. The solution delivers tangible and intangible value. From the tangible point of view, it contributes to production efficiency gains by compensating during specific proactively identified shortfalls and after-the-fact events. As a result, our solution has been instrumental in deriving cost reduction scenarios and profitability gains due to optimum GOR management. In addition, the system use has reported various intangible gains in terms of better data utilization, enhanced corporate database quality and reduced overall human load in managing production capacity. The solution described in the paper implements a simpler way the production planning and performance management at corporate level in a large integrated operating company. The in-house developed tool and its implementation is a novel approach in terms of integration, complexity, and practical application to the fields in Abu Dhabi.

scholarly journals Linking complex problem solving to opportunity identification competence within the context of entrepreneurship

2015 ◽  
Vol 34 (4) ◽  
pp. 412-429 ◽  
Author(s):  
Yvette Baggen ◽  
Jakob Mainert ◽  
Thomas Lans ◽  
Harm J. A. Biemans ◽  
Samuel Greiff ◽  
...  
Keyword(s):  
Problem Solving ◽  
Complex Problem ◽  
Complex Problem Solving ◽  
Opportunity Identification

scholarly journals Complex Problems in Entrepreneurship Education: Examining Complex Problem-Solving in the Application of Opportunity Identification

2017 ◽  
Vol 2017 ◽  
pp. 1-13 ◽  
Author(s):  
Yvette Baggen ◽  
Jakob Mainert ◽  
André Kretzschmar ◽  
Thomas Lans ◽  
Harm J. A. Biemans ◽  
...  
Keyword(s):  
Problem Solving ◽  
Entrepreneurship Education ◽  
Complex Problem ◽  
Complex Problem Solving ◽  
Conceptual Level ◽  
Opportunity Identification ◽  
Domain Specific ◽  
Masters Students ◽  
Opening Up ◽  
General Skill

In opening up the black box of what entrepreneurship education (EE) should be about, this study focuses on the exploration of relationships between two constructs: opportunity identification (OI) and complex problem-solving (CPS). OI, as a domain-specific capability, is at the core of entrepreneurship research, whereas CPS is a more domain-general skill. On a conceptual level, there are reasons to believe that CPS skills can help individuals to identify potential opportunities in dynamic and nontransparent environments. Therefore, we empirically investigated whether CPS relates to OI among 113 masters students. Data is analyzed using multiple regressions. The results show that CPS predicts the number of concrete ideas that students generate, suggesting that having CPS skills supports the generation of detailed, potential business ideas of good quality. The results of the current study suggest that training CPS, as a more domain-general skill, could be a valuable part of what should be taught in EE.

scholarly journals Imagination in Entrepreneurship: An Inspiration from Heidegger

2019 ◽  
Vol 1 (01) ◽  
Author(s):  
Usman Talat ◽  
Kirk Chang
Keyword(s):  
20Th Century ◽  
Business Success ◽  
Opportunity Identification ◽  
Current Article ◽  
Definition Of

Entrepreneur's imagination has crucial implication on business success and management. Despite its espoused importance, imagination is still undervalued and deserves more academic attention. The current article aims to provide a novel perspective on imagination informed by Heidegger (1889-1976; widely acknowledged to be one of the most original philosophers of the 20th century). Specifically, the article has clarified the definition of imagination in entrepreneurship and risen constructs align with the proposed conception. Under the microscope of Heidegger’s theory, entrepreneur’s imagination co-operates ventures successfully by incorporating notions of webs of significance, authenticity, spontaneity, heroes and moods, which guide opportunity identification and exploration in markets. The article has offered new insights to the knowledge of entrepreneur's imagination. From a pragmatic viewpoint, inferential leaps are possible because entrepreneurs practice against a background of webs of significance they own - which they relationally, linguistically and pragmatically - share across institutional frames. Implications of the findings on management are discussed. 

scholarly journals From Entrepreneurial Intentions to Entrepreneurial Behavior

2021 ◽  
pp. 110-135
Author(s):  
Sebastian Aparicio ◽  
Andreu Turro ◽  
Maria Noguera ◽  
David Urbano
Keyword(s):  
University Students ◽  
Career Choice ◽  
Entrepreneurial Intention ◽  
Theoretical Framework ◽  
Entrepreneurial Intentions ◽  
Entrepreneurial Behavior ◽  
Opportunity Identification ◽  
Business Skills ◽  
Good Career ◽  
Practical Implications

Although there is abundant literature on entrepreneurial intentions and entrepreneurial behavior, there is still a lacuna on those factors enabling the pass from intention to action. Motivated by this gap, this study assesses the extent to which the determinants of entrepreneurial intention also have an effect on subsequent entrepreneurial behavior, using an institutional approach as a theoretical framework. With a sample of 2,491 university students from Catalonia (Spanish) through the simultaneous equations, the main findings show that institutions such as opportunity identification, business skills, and entrepreneurs' status encourage students to think of entrepreneurship as a good career choice, which subsequently explains entrepreneurial actions. Theoretical, policy, and practical implications are discussed based on these findings.

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